Like Roblox coinbase Lyft snowflake. Been planning to change job, targeting these younger companies with good tc. But the stock price has been not good. I assume the existing employees RSU has shrunk a lot. But did you get extra to compensate? It’s not just a small fluctuation, it’s major drop in the tc - this could affect employees financial planning like home buying. Current tc: 🥜🥜🥜🥜🥜🥜
Yep. But the stock market 📉
Yep, it didn’t matter.
Yep for? Extra RSU? That’s nice, how much?
It was the full amount to make for the initial drop. So it was really good but then the stock slid and dropped another 50 then layoffs happened so I don’t expect another thing like that to happen again
No 😭 but, we had company wide market adjustments in January. If they do it again in June/July it would be basically enough
What does it do for market adjustment?
Hopefully u didn’t joined UPST when it was in the at 400 :(
We didn't
Then how’s the employee retention? That’s quite a lot tc drop.
Yup, takes time for the attrition to kick in
Zoom does for your 1st year RSU vesting schedule. say your initial RSU grant was 100k when you joined and now it's 50k in your first vesting schedule; they allocate extra 50k in RSU to compensate the difference which will vest quarterly; If the extra RSUs drop in value after 1 year, they give extra RSUs to compensate the difference again
Roblox did a one time adjustment to bridge the gap from initial RSU grant. It’s not removing the gap completely but still a good gesture and shows the company cares
Atlassian did this, and lots people complained that they didn't get enough or that so and so got more than them. I'm worried they'll never do it again. Companies with "not good" stock prices have better potential than ones with highly inflated prices...because they can go up.
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Doubt it. Do you give RSUs back when prices rise?